“Hidden Debt Loophole Could be Widespread”: Fitch by Wolf Richter • Jul 30, 2018 • 87 Comments Use of this financial instrument has ballooned. No one knows to what extent because there’s no disclosure. But it was a “key contributor” to the sudden collapse of outsourcing giant Carillion.
Numbers are in: Uber, Lyft v. Rental Cars & Taxis in the US in Q2 by Wolf Richter • Jul 29, 2018 • 94 Comments The ugly market-share battle in reimbursed ground transportation.
Carmageddon in Detroit by Wolf Richter • Jul 26, 2018 • 85 Comments GM, Fiat Chrysler, and Ford all got ugly in unison, in one day, something we haven’t seen since the Financial Crisis.
Oops, Facebook’s Market Cap Plunges by $143 Billion by Wolf Richter • Jul 25, 2018 • 144 Comments Throughout the scandals, Facebook was clad in Teflon and nothing mattered. But today, it mattered.
Biggest Apartment-Construction Boom-Towns Are Not What You May Think by Wolf Richter • Jul 24, 2018 • 62 Comments No, it’s not Seattle. Denver is by far #1. New York isn’t even in the top 25. And it explains why rents in Chicago are collapsing.
Results Are In: How Americans Faced the Equifax Hack where Personal Data of 45% of US Adults Were Stolen by Wolf Richter • Jul 24, 2018 • 55 Comments Now, 10 months later, do they even know about it? Don’t laugh….
10 Down-to-Earth Things Powell Said about Cryptocurrencies by Wolf Richter • Jul 23, 2018 • 42 Comments Go find someone else to regulate them.
“Desperate” Tesla Asks Suppliers for Cash Back Retroactively to 2016 by Wolf Richter • Jul 23, 2018 • 104 Comments The request is “essential to Tesla’s continued operation.”
Is the US Economy Really Going to Pop 4.5% in Q2? by Wolf Richter • Jul 22, 2018 • 71 Comments At least one of them is very wrong: Atlanta Fed GDPNow v. New York Fed Nowcast.
